According to the SEC’s allegations, a company known as DFRF Enterprises solicited Spanish and Portuguese
speaking investors in Massachusetts and Florida, among other states, for
investment opportunities in gold mining. According to the charges, DFRF
allegedly claimed to operate more than 50 gold mines, and promised investors
that any money they invested with the company would be fully insured.
The SEC claims that DFRF Enterprises’ pyramid scheme collected $15
million from approximately 1,400 investors.
In the complaint, the SEC names Daniel Fernandes Rojo Filho as the founder
of DFRF Enterprises and the individual the company is named after. Allegedly,
Filho concocted the scheme and carried it out with the help of six promoters
who were also named in the charges. Filho is a resident of Winter Garden,
Florida and his promoters are residents of Massachusetts and Florida,
According to the SEC, Filho and his promoters solicited people to buy memberships
in the company using methods such as meetings, conferences, and promotional
videos. Allegedly, Filho even told prospective investors that DFRF Enterprises
was registered with the SEC and the company’s stock would soon be
The SEC referred to DFRF Enterprises’ actions as both a Ponzi scheme
and a pyramid scheme. Allegedly, the scheme grew through pyramid-style
recruiting of new members and earlier investors were paid “commissions”
with money from later investors, in typical Ponzi scheme fashion. Meyer
Wilson has provided a wide array of resources to help investors
avoid pyramid schemes and
spot pyramid scams.
If you believe that you or someone you love has invested in a Ponzi or
pyramid scheme, we invite you to contact a securities fraud attorney at
Meyer Wilson today for a
free review of your case.